Who is Ashwood Resources? And who owns ashwoodresources.com?
Northern Oil and Gas (NOG:AMEX) and its sister company Voyager Oil and Gas (VOG) are a minor obsession of mine.
Not only are the management straight from central casting but Northern Oil sold interests in approximately 90 wells (a quarter of the wells they were ever involved in) to a mysterious company called Ashwood Resources.
Ashwood it appears has no other function that to buy properties from Northern Oil and to manage those properties.
So it was a surprise to me and to others when Brittany Reger - wife of Northern Oil CEO Michael Reger - was the contact officer for Ashwood Resources.
Can you say conflict of interest?
Anyway Michael Reger offered two defenses. First whilst the lease interests sold to Ashwood were numerous they were tiny - sometimes as small as half a percent interest in individual wells. The second defense was that Ashwood was not a related party and his wife's job was appropriate. He even said the company sought the advice of outside counsel on that matter.
Ashwood may have been founded by a hairdresser - but was - it seems - controlled by Jacob Schaffer - a realtor in Minneapolis. It was not - according to Michael Reger - related in any way (other than by his wife's employment) to Northern Oil or the Reger family.
Which leads me to the website www.ashwoodresources.com. The site is dead - but the registration lives on.
When I first started looking at Northern Oil here were the registration details for Ashwood:
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: ASHWOODRESOURCES.COM
Created on: 01-Mar-10
Expires on: 01-Mar-12
Last Updated on: 02-Mar-11
Administrative Contact:
Cross, Tyler tcash11@gmail.com
1821 Poly Dr.
Billings, Montana 59102
United States
(406) 749-1911
Technical Contact:
Cross, Tyler tcash11@gmail.com
1821 Poly Dr.
Billings, Montana 59102
United States
(406) 749-1911
Billings Montana is 840 miles from Minneapolis and from the Realtor who owns Ashwood. But strangely enough it is the Reger's home town.
Coincidence? Maybe.
Then a few weeks ago the registration for the domain name changed.
Registrant:
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
Domain Name: ASHWOODRESOURCES.COM
Created on: 01-Mar-10
Expires on: 01-Mar-12
Last Updated on: 02-Mar-11
Administrative Contact:
Private, Registration
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax -- (480) 624-2598
Technical Contact:
Private, Registration
Domains by Proxy, Inc.
DomainsByProxy.com
15111 N. Hayden Rd., Ste 160, PMB 353
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax -- (480) 624-2598
Tyler Cross - the original contact on the registration for Ashwood Resources almost certainly knows who the underlying owner of Ashwood is. I have tried contacting him.
I got no response.
Anyone got any other ideas for getting to the bottom of this?
Help requested.
John